All Forum Posts by: Nate Lindquist

This may throw a wrinkle in the conversation, but what if you own an investment property that's been rented for years, say a run down duplex.  Tear it down, build 2 new townhouses and sell them individually.  Capital gains, or ordinary?

I'm asking 1.4m and will need some time as I intent to 1031 into another property. 

Considering selling my fourplex in SE Portland just a few blocks off of Division, one of the hottest neighborhoods in Portland.  The property is a double lot, three story building with an unfinished basement that runs the length of the property.

I'm looking to purchase a multi-family in Portland Oregon for 550K and will need funds for 3-6 months in order to lock it in.  Ideally, I'd be paying 10-12% interest-only for that period.  I have a decent amount of reserves to cover any interest costs.  

20% down payment

Current rents

8% property Management Fee

3% vacancy rate

$1,300 insurance

$7,100 property tax

Current ROI = 4.22%

With rents, increased to$1,350 ROI = 8.61%

I've got a lead on a fourplex for sale in inner SE Portland.  Asking price is 700K, rents are low (around 1,200/month).  Coin-op laundry on-site.  Contact me for more info.  Looking to partner with a buyer.  

Sounds like a good time. See you there. 

Great!  Thank you so much Mark.  

I suppose they don't need to be a Portland based lender, but the property I'm looking to use the funds for is in Portland.  Sorry for the lack of clarity.  

Who's your favorite?